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Sep 13, 2012
09/12
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in berlin, chancellor angela merkel addressed parliament and welcomed the court's decision. >> sreenivasan: opponents of the >> ( translated ): today, germany is once again sending a strong signal to europe and beyond. germany is assuming with determination its responsibilitials the biggest economy and as a reliable partner in europe. >> sreenivasan: opponents of the bailout fund had argued it violates germany's constitution. wall street turned cautious today. stocks mostly marked time as investors waited for a possible federal reserve decision tomorrow on new economic stimulus. the dow jones industrial average gained ten points to close at 13,333. the nasdaq rose nearly ten points to close at 3,114. archaeologists in britain may have found the remains of king richard iii. he was killed in battle in 1485 and buried in a church in the english city of leicester. today, the site is a downtown parking lot. an archeological dig began three weeks ago, and researchers quickly found remnants of medieval walls. now, they've turned up the skeleton of an adult male with signs of battle wounds and cur
in berlin, chancellor angela merkel addressed parliament and welcomed the court's decision. >> sreenivasan: opponents of the >> ( translated ): today, germany is once again sending a strong signal to europe and beyond. germany is assuming with determination its responsibilitials the biggest economy and as a reliable partner in europe. >> sreenivasan: opponents of the bailout fund had argued it violates germany's constitution. wall street turned cautious today. stocks mostly...
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Sep 24, 2012
09/12
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FBC
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angela merkel thanked do not rush it. we need to get it right. spain will be releasing their plan on wednesday. it could pave the way for a bailout. meanwhile, the turmoil in greece is starting to crank up again. cheryl: the journalists now on strike. it is becoming chaos. ashley: the three groups of credit lenders who go into these countries are starting to disagree among themselves on what to do with greece. we just have to wipe the slate clean again. cheryl: i worry about you as investors. ashley: they should have taken care of that by now. nevertheless, if there is a major headline out of the euro zone, there is an impact on the markets. we have a guest to talk about everything that is going on in the market. he will talk about the currency wars that are brewing right now. in particular, brazil who is very upset with the fed and bernanke. cheryl: i still cannot believe every day when i look at the strength of the euro. it is because, you know, they do not suck as bad as we do. i know that is a horrible thing to say. ashley, thank you. it is a
angela merkel thanked do not rush it. we need to get it right. spain will be releasing their plan on wednesday. it could pave the way for a bailout. meanwhile, the turmoil in greece is starting to crank up again. cheryl: the journalists now on strike. it is becoming chaos. ashley: the three groups of credit lenders who go into these countries are starting to disagree among themselves on what to do with greece. we just have to wipe the slate clean again. cheryl: i worry about you as investors....
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Sep 12, 2012
09/12
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FBC
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following the court's decision german chancellor angela merkel said quote to the parliament in berlin today, this is a good day for germany and it is a good day for europe. in effect we now have two bazookas in place as a backstop to the european debt crisis. bailout fund by the ecb to buy unlimited short-term bond issued by struggling countries. european markets posting modest gains on the news. basically flat in london but modest gains in paris and frankfurt. the euro hitting a near five-month high against the u.s. dollar. there it stands exactly at 129. here in the u.s. it is day one of the fed's highly anticipated policy meeting. investors are expecting chairman bernanke to announce more stimulus tomorrow the we shall see. my next guest says a third bond buying program could cause a selloff in stocks. joining me is oliver portia, president of gary goldberg financial services. oliver, thanks so much for being here. do you expect some sort of stimulus out of mr. bernanke, qe3? >> we expect some sort of stimulus, most likely qe3 but there are other tools they have available and we ex
following the court's decision german chancellor angela merkel said quote to the parliament in berlin today, this is a good day for germany and it is a good day for europe. in effect we now have two bazookas in place as a backstop to the european debt crisis. bailout fund by the ecb to buy unlimited short-term bond issued by struggling countries. european markets posting modest gains on the news. basically flat in london but modest gains in paris and frankfurt. the euro hitting a near...
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Sep 6, 2012
09/12
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CNBC
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. >>> german chancellor angela merkel will be holding talks in madrid today. they are expected to focus on spain aus austerity measures. >>> the august adp numbers will be coming out at 8:15 eastern time. the u.s. economy added 145,000 private payrolls last month. obviously this is all huge news. it will all have an impact on the election bringing you these numbers and the instant analysis from the man behind the report, joel praken. it sets up for a big morning. >>> thanks, becky. let's get you through some of the corporate buzz. news corporation cutting this year's bonuses for four top executives including rupert murdock and james. they're citing fallout from the phone hacking scandal. >>> canada is saying an internal investigation has -- canna has been accused of colluding lowering prices in a land deal. >>> and amazon expected to launch the new version of its kindle fire today. an event planning earlier. it's supposed to be thinner and lighter with a camera and better display. last night during the nfl game on nbc fans saw a rare minute-long amazon commerc
. >>> german chancellor angela merkel will be holding talks in madrid today. they are expected to focus on spain aus austerity measures. >>> the august adp numbers will be coming out at 8:15 eastern time. the u.s. economy added 145,000 private payrolls last month. obviously this is all huge news. it will all have an impact on the election bringing you these numbers and the instant analysis from the man behind the report, joel praken. it sets up for a big morning. >>>...
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Sep 25, 2012
09/12
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CNBC
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previously standing at that same stand you had angela merkel come through telling the rest of europe that now is the time to take a deep breath and that germany was not an island. she said, we are an export nation. 40% of our exports go to the eurozone. 60% go to the european union. we cannot disconnect from europe and global economic developments. very clearly telling germans after she met draghi there has to be further integration. what's the effect of this? if you were thinking of selling italian or spanish bonds short, you might think twice because it raises the prospect further there will be aggressive bond-buying further down the line. the stock market as you can see moved from negative territory into positive. germany, spain, italy. similarly those yields were well anchored on the ten-year in germany. just a quick note on are we are with earnings. i mentioned to you bmw. goldman put a note out earlier today in which it was suggesting having met with management it is concerned about deteriorating pricing environment for a lot of the luxury car operators. bmw's case is very much
previously standing at that same stand you had angela merkel come through telling the rest of europe that now is the time to take a deep breath and that germany was not an island. she said, we are an export nation. 40% of our exports go to the eurozone. 60% go to the european union. we cannot disconnect from europe and global economic developments. very clearly telling germans after she met draghi there has to be further integration. what's the effect of this? if you were thinking of selling...
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Sep 25, 2012
09/12
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CNBC
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angela merkel is speaking to a german business group bdi talking about how it's not going to be euro bonds as far as she's concerned, but we'll watch for more comments as she is still calling for more ire rop. mario draghi speaks at that conference at 3:00 central european time, so that should be 9:00 a.m. where you guys are. >> okay. we'll be watching. when we come back, more on the call that everyone is talking about this morning, that crazy end to last night's nfl game sparking new outrage about replacement refs. but mary thompson joins us with a new ad campaign on wall street. >> morgan stanley wealth management launching a new ad campaign today, but will this unit also launch a bit earlier than expected? we'll have that story coming up after the break. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michel
angela merkel is speaking to a german business group bdi talking about how it's not going to be euro bonds as far as she's concerned, but we'll watch for more comments as she is still calling for more ire rop. mario draghi speaks at that conference at 3:00 central european time, so that should be 9:00 a.m. where you guys are. >> okay. we'll be watching. when we come back, more on the call that everyone is talking about this morning, that crazy end to last night's nfl game sparking new...
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Sep 10, 2012
09/12
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CNBC
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they're feeling bad vibes with some of the bailouts angela merkel seems to be in agreements with. this is simple. politicians can make all the promises and create the best plans. ultimately they need the sponsorship of their voters. this certainly is going to be the big second chapter. we'll get an opening taste when dutch go to the polls on the 12th. crisis, post crisis, do we need more fed programs? i can't get out of my mind how senator chuck schumer basically pointed his finger when ben bernanke was on the hill a cup of visits ago and said get to work. meaning politicians aren't going to do anything. they're in campaign mode. but the biggest story being a chicagoan today is broken promises. and this really is not just a chicago issue. it's not just an illinois issue. it's a national issue. it gets played out on tv before the nation. we have a huge underfunded liability vote from the teachers' standpoint. when you include firemen and policemen as well. you know, there's a whole litany of other ways to proceed. whether it's charter schools, some of the religious or catholic scho
they're feeling bad vibes with some of the bailouts angela merkel seems to be in agreements with. this is simple. politicians can make all the promises and create the best plans. ultimately they need the sponsorship of their voters. this certainly is going to be the big second chapter. we'll get an opening taste when dutch go to the polls on the 12th. crisis, post crisis, do we need more fed programs? i can't get out of my mind how senator chuck schumer basically pointed his finger when ben...
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Sep 6, 2012
09/12
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CNBC
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merkel as well this morning, the big question is will madrid ask for a bailia, will it trying they are process and what the delay might be, because they have a lot of money that they have to raise to pay back bonds on that next month. where are you? >> as both michelle and sylvia just pointed out, these mechanisms include the strict conditionality and say by name that the imf will potentially have to be involved. a couple of other changes here that might be relevant on that front. one, mario draghi talked about how they are going to be more transparent this time around, and yes, while markets had a good sense of who was involved the last time, maybe this is just a formality but it does mean it will be right up there in black-and-white print are, for everybody asking what funds and what they are getting. second, there's questions whether spain andilitily will be involved in a program like that and with all the uncertainty in the run-up to that, a sequence of steps means they first have to ask for assistance, and it's something that they have been increasingly reluctant to do. >> barry,
merkel as well this morning, the big question is will madrid ask for a bailia, will it trying they are process and what the delay might be, because they have a lot of money that they have to raise to pay back bonds on that next month. where are you? >> as both michelle and sylvia just pointed out, these mechanisms include the strict conditionality and say by name that the imf will potentially have to be involved. a couple of other changes here that might be relevant on that front. one,...
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Sep 21, 2012
09/12
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CNBC
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. >> do you see a political environment where that happens, angela merkel is no longer in charge. what happens? mario monti is no longer in charge. >> we've seen what it looks like and it's pretty ugly. there is a major assumption that a merkel will be in charge, a monti-like person will be in charge and on the spain front they'll be able to combine conditionality against policy and financing. the loss of assumption is being built in right now. >> i'm not -- what were you going to say? >> go ahead. >> i was going to go with if you think three or four or five years out. >> right. >> politically, i would think as a betting person you'd imagine somebody else would come in who would be on the other side. >> that's what the market is telling us. it's fascinating to see what's happened to the shape of the yield curve. the front end has collapsed so investors are saying the next two to three years they're okay but then you've had a massive steepening of the long end where they say you're right, beyond that it's going to be really problematic. and that's exactly how the market has priced,
. >> do you see a political environment where that happens, angela merkel is no longer in charge. what happens? mario monti is no longer in charge. >> we've seen what it looks like and it's pretty ugly. there is a major assumption that a merkel will be in charge, a monti-like person will be in charge and on the spain front they'll be able to combine conditionality against policy and financing. the loss of assumption is being built in right now. >> i'm not -- what were you...
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1.5K
Sep 4, 2012
09/12
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as we head to break, german kans lar angela merkel taking a short break from her worries, attended a bavarian beer festival some 3,000 people. >> that can explain a lot. the sd from capital one, sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve the most rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed cr
as we head to break, german kans lar angela merkel taking a short break from her worries, attended a bavarian beer festival some 3,000 people. >> that can explain a lot. the sd from capital one, sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less?...